Cincinnati Financial (CINF) to Release Earnings on Monday

Cincinnati Financial (NASDAQ:CINF - Get Free Report) is projected to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect Cincinnati Financial to post earnings of $1.90 per share and revenue of $2.63 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Cincinnati Financial Stock Performance

Shares of CINF stock traded up $1.14 during trading on Thursday, reaching $137.91. 764,576 shares of the company's stock were exchanged, compared to its average volume of 705,457. Cincinnati Financial has a twelve month low of $104.78 and a twelve month high of $161.74. The firm's fifty day moving average price is $144.61 and its 200-day moving average price is $139.88. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $21.56 billion, a PE ratio of 7.09, a PEG ratio of 2.41 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is currently 16.65%.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CINF has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Bank of America increased their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Piper Sandler boosted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $143.33.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.